| 代码 | 简称 | 最新融资余额（万 | 较前一个交易日增减 | 当日涨跌幅（%） | 所属行业 | | --- | --- | --- | --- | --- | --- | | | | 元） | （%） | | | | 688488 | 艾迪药 业 | 27783.57 | 74.10 | 2.96 | 医药生物 | | 601799 | 星宇股 份 | 29085.74 | 49.50 | -1.15 | 汽车 | | 920580 | 科创新 材 | 872.49 | 43.70 | 5.42 | 建筑材料 | | 301266 | 宇邦新 材 | 18848.82 | 43.38 | 17.20 | 电力设备 | | 600744 | 华银电 力 | 24596.97 | 42.75 | 7.98 | 公用事业 | | 002707 | 众信旅 游 | 53240.43 | 42.12 | -8.47 | 社会服务 | | 688548 | 广钢气 体 | 27349.12 | 38.29 | 10.50 | 电子 | | 301021 | 英诺激 光 | 34100.29 | 37.36 | ...

Core Viewpoint - Xingyu Co., Ltd. has experienced a slight decline in stock price recently, with a total market capitalization of 35.276 billion yuan and a focus on automotive lighting products [1] Group 1: Stock Performance - On January 16, Xingyu's stock price fell by 2.00%, trading at 123.48 yuan per share with a turnover of 250 million yuan and a turnover rate of 0.70% [1] - Year-to-date, the stock price has increased by 0.09%, but it has decreased by 2.31% over the last five trading days, 2.43% over the last twenty days, and 2.36% over the last sixty days [1] Group 2: Financial Performance - For the period from January to September 2025, Xingyu achieved a revenue of 10.71 billion yuan, representing a year-on-year growth of 16.09%, and a net profit attributable to shareholders of 1.141 billion yuan, up by 16.76% [2] - Since its A-share listing, Xingyu has distributed a total of 3.708 billion yuan in dividends, with 1.136 billion yuan distributed over the last three years [3] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Xingyu increased by 19.06% to 13,800, while the average circulating shares per person decreased by 16.01% to 20,772 shares [2] - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 36.8618 million shares, an increase of 12.7173 million shares from the previous period [3]

Group 1 - The company, Xingyu Co., announced the approval of several proposals at its first extraordinary general meeting of shareholders in 2026, including the issuance of H-shares and listing on the Hong Kong Stock Exchange [2] - The proposals also include the application for the transformation into a foreign-funded joint-stock company [2]

北京市建国门北大街 8 号华润大厦 20 层 邮编：100005 电话：(86-10) 85191300 传真：(86-10) 85191350 junhebj@junhe.com 1 本所及本所律师依据《中华人民共和国证券法》《律师事务所从事证券法律业 务管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定及本法律意 见书出具日以前已经发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽 责和诚实信用原则，进行了充分的核查验证，保证本法律意见所认定的事实真实、 准确、完整，所发表的结论性意见合法、准确，不存在虚假记载、误导性陈述或 者重大遗漏，并承担相应法律责任。 2026 年第一次临时股东会的法律意见书 致：常州星宇车灯股份有限公司 北京市君合律师事务所接受常州星宇车灯股份有限公司（以下简称"公司"） 的委托，根据《中华人民共和国公司法》（以下简称《公司法》）、《上市公司股东 会规则》（以下简称《股东会规则》）等法律、法规、规章及《常州星宇车灯股份 有限公司章程》（以下简称《公司章程》）的有关规定，就公司 2026 年第一次临时 股东会（以下简称"本次股东会"）有关事宜出具本法律意见书。 本法律意 ...

证券代码：601799 证券简称：星宇股份 公告编号：2026-002 常州星宇车灯股份有限公司 2026年第一次临时股东会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 218 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 192,466,316 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 67.9200 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次股东会由公司董事会召集，由公司副董事长周宇恒先生主持。会议采取 现场投票和网络投票结合的表决方式进行表决。会议的召集、召开程序符合《公 司法》及《公司章程》的规定，表决方式及表决结果合法有效。 (五) 公司董事和董事会秘书的列席情况 (一) 股东会召开的时间：2026 年 1 月 15 日 (二) 股东会召开的地点：公司办公楼三楼 ...

Core Viewpoint - The collaboration between Xingyu Co., Chip Alliance, and Hubei Jiufengshan Laboratory aims to establish Wuhan Xingxi Optical Technology Co., Ltd. with a total investment of 3 billion yuan to accelerate the localization of Micro-LED technology in the automotive sector [2][14]. Group 1: Strategic Collaboration - The partnership is a result of years of expertise in their respective fields, with Xingyu Co. being a leader in automotive lighting, Chip Alliance holding core capabilities in chip manufacturing, and Hubei Jiufengshan Laboratory being a top platform for compound semiconductor research [3][16]. - The three parties will integrate their strengths in "automotive application scenarios + chip manufacturing capabilities + cutting-edge technology research" to ensure seamless transition from technology development to industrial implementation [3][16]. Group 2: Investment and Focus Areas - Wuhan Xingxi Optical Technology Co., Ltd. was officially established on January 10, 2026, with a registered capital of 200 million yuan. The 3 billion yuan investment will focus on the industrialization of Micro-LED technology, starting with automotive lighting and expanding into micro-displays, optical interconnects, optical communications, and AI displays [3][16]. - The strategic cooperation will focus on five key areas: collaborative R&D, joint project applications, talent exchange, project incubation, and deep supply chain collaboration [4][17]. Group 3: Domestic Breakthrough and Industry Upgrade - The collaboration aims to accelerate the application of Micro-LED technology in automotive and other fields, contributing to the high-end and intelligent upgrade of the Chinese automotive industry [5][18]. - Xingyu Co. has already made significant strides in the Micro-LED field, including the development of the iVISION intelligent headlight, which integrates dedicated SoC chips with Micro-LED light source chips [5][18]. - This 3 billion yuan industrial layout marks the beginning of a collaborative win for the three companies and signifies the entry of China's Micro-LED industry into a new phase of large-scale development [5][18].

Core Viewpoint - The strategic partnership between ChipLink Integration, Xingyu Co., and Hubei Jiufengshan Laboratory aims to establish a joint venture, Wuhan Xingxiguang Technology Co., with an investment of 3 billion yuan to develop Micro-LED technology for automotive lighting and other advanced fields [1][4]. Group 1: Partnership and Investment - The joint venture, Wuhan Xingxiguang Technology Co., will focus on the industrialization of Micro-LED technology, starting with automotive lighting and expanding into micro-displays and optical interconnects [1][4]. - The total investment for the project is set at 30 billion yuan, with ChipLink Capital participating as an investment platform [1][4]. Group 2: Technological Collaboration - The three parties will leverage their strengths in automotive lighting, chip R&D and manufacturing, and compound semiconductor research to break down barriers and promote the R&D and industrialization of Micro-LED technologies [2][5]. - The collaboration will focus on technical synergy, joint project applications, talent exchange, project incubation, and deep supply chain cooperation to create a complete ecosystem from innovation to industrial application [2][5]. Group 3: Industry Impact and Goals - The partnership aims to enhance the domestic application of Micro-LED technology in automotive lighting and other sectors, contributing to the high-end and intelligent upgrade of China's automotive industry [3][6]. - The collaboration is expected to significantly shorten the path from R&D to mass production, creating internationally competitive Micro-LED chips and optical modules for smart automotive lighting solutions [3][6].

Investment Rating - The investment rating for the automotive industry is "Positive" and maintained [9] Core Insights - The wholesale sales of passenger vehicles in Q4 2025 are expected to be approximately 8.76 million units, a year-on-year decrease of 1% but a quarter-on-quarter increase of 14%. The profitability in Q4 may show differentiation compared to the same period last year, with expectations for a quarter-on-quarter improvement [2][5] - The revenue from automotive parts is anticipated to grow steadily quarter-on-quarter, but profitability may face pressure due to factors such as raw material costs and exchange rates [2][5] - The wholesale sales of heavy trucks are projected to be 314,000 units in Q4 2025, representing a year-on-year increase of 43.6% and a quarter-on-quarter increase of 11.5% [2][5] - The overall sales of buses are expected to see a significant quarter-on-quarter increase during the peak season, with sales of large and medium buses reaching 44,000 units, a year-on-year increase of 8.8% and a quarter-on-quarter increase of 42.2% [2][5] - The total sales of motorcycles are estimated to be around 4.73 million units in Q4 2025, reflecting a year-on-year increase of 11.0% but a quarter-on-quarter decrease of 6.2% [2][6] Summary by Sections Passenger Vehicles - Q4 2025 wholesale sales are expected to be about 8.76 million units, down 1% year-on-year but up 14% quarter-on-quarter. New energy vehicle sales are projected at 4.84 million units, up 13% year-on-year and 21% quarter-on-quarter [5] Automotive Parts - Revenue is expected to grow steadily quarter-on-quarter, but profitability may be pressured by raw material and exchange rate factors [5] Heavy Trucks - Q4 2025 wholesale sales are projected at 314,000 units, with a year-on-year increase of 43.6% and a quarter-on-quarter increase of 11.5% [5] Buses - Large and medium bus sales are expected to reach 44,000 units in Q4 2025, with a year-on-year increase of 8.8% and a quarter-on-quarter increase of 42.2% [5] Motorcycles - Total motorcycle sales are estimated at 4.73 million units in Q4 2025, reflecting an 11.0% year-on-year increase but a 6.2% quarter-on-quarter decrease [6]

Core Viewpoint - The strategic cooperation among Xinyu Automotive Lighting, ChipLink Integrated Circuit Manufacturing, and Hubei Jiufengshan Laboratory aims to establish a joint venture, Wuhan Xingxi Technology Co., Ltd., with an investment of 3 billion yuan to develop Micro-LED technology for automotive lighting and other advanced applications [1][3]. Group 1: Strategic Cooperation - The three parties will collaborate to establish a comprehensive ecosystem for Micro-LED technology, focusing on automotive lighting, micro-displays, and optical interconnects [1][3]. - The partnership aims to leverage each company's strengths to break down industry barriers and promote the research and commercialization of cutting-edge technologies such as Micro-LED automotive lighting and AI displays [1][4]. Group 2: Industry Advantages - Xinyu Automotive Lighting is a leading player in the automotive lighting industry in China, with a robust R&D system and strong manufacturing capabilities [3]. - ChipLink Integrated is a prominent provider of one-stop system solutions, specializing in automotive-grade IGBT/SiC chips and modules, and is a key player in the AI and high-end industrial control chip manufacturing sector [3][4]. - Hubei Jiufengshan Laboratory is a global leader in compound semiconductor research, with a strong foundation in optoelectronic materials and devices, and serves as a national-level pilot platform for integrated circuits [3][5]. Group 3: Future Goals - The collaboration aims to accelerate the domestic application of Micro-LED technology in automotive lighting and other fields, enhancing product intelligence and safety for consumers [3]. - The partnership will focus on practical cooperation in technology development, project incubation, talent exchange, and supply chain collaboration to create a complete ecosystem from innovation to commercialization [1][5].

Group 1 - The meeting on January 10 involved the signing of projects with key industry leaders from companies such as Changzhou Xinyu Automotive Lighting Co., Zhejiang Jingsheng Mechanical Electrical Co., and Chip Alliance Integrated Circuit Manufacturing Co. [1] - The Secretary of the Municipal Committee, Sheng Yuechun, welcomed the entrepreneurs and highlighted the positive economic performance of Wuhan in 2025, achieving its annual goals and the "14th Five-Year Plan" development objectives [3][4] - Sheng emphasized the importance of leveraging Wuhan's strategic advantages, including high technology, low costs, and a broad market, to foster a modern industrial system and accelerate the development of a national central city [4] Group 2 - Entrepreneurs expressed confidence in Wuhan's rich innovation resources, solid industrial foundation, superior transportation location, and beautiful ecological environment, describing it as a "fully capable" city [7] - They committed to deepening investments in Wuhan, focusing on key core technology breakthroughs in the semiconductor industry, and contributing to the establishment of a world-class optoelectronic information industry cluster [7] - Following the meeting, projects such as the Micro-LED Intelligent Optical Technology R&D and Manufacturing Base and the Jingsheng Semiconductor Equipment R&D and Production Base were signed [7]